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mt Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5

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mt Assume the zero-coupon yields on default-free securities are as summarized in the following table: Maturity 1 year 2 years 3 years 4 years 5 years Zero-Coupon Yields 6.80% 7.30% 7.60% 7.90% 8.10% What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 7%? What is the yield to maturity for this bond? What is the price of a three-year, default-free security with a face value of $1,000 and an annual coupon rate of 7%? The price is $. (Round to the nearest cont.)

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